The most expensive places to live in the U.S. are often coastal towns where homes are too expensive for local salaries, HousingWire reports.
The No. 1 costliest on the list? San Juan, Puerto Rico.
With a median home listing price of $121,800 and median annual salary of $29,820, San Juan has the highest cost of living with residents needing to fork over nearly 32% of their income to live. San Juan gives credit to tourism for boosting the economy.
Based on the 125 most populous places to live in the U.S., the national median cost of living is 23.58% of income. The national average median salary is $50,620, putting San Juan well below the rest of the country in annual salary.
Other cities on the list include Miami, Fla., Los Angeles, New York, San Diego, Santa Barbara, Calif., Salinas, Calif., and Honolulu.
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